Power Panel

A hybrid solar thermal technology that is 4x as powerful as traditional options

Analytics

Raised to Date: Raised: $177,125

Aggregate Commitments $
Platform

Wefunder

Start Date

06/29/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$7,015,000

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

276

% of Min. Goal

354%

% of Max. Goal

17%

Likelihood of Max
extremely
Avg. Daily Raise

$6,108

# of Investors

130

Momentum
cold
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Location

Oxford, Michigan

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Power Panel, with a pre-money valuation of $7.02 million, is raising crowdfunding on Wefunder. The company has developed its patented PVT technology which is the future of energy. The technology is hybrid solar thermal and captures the solar energy for both generating electricity and heating water. Rob Kornahrens and Garth Schultz founded Power Panel in November 2016. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards management team salaries, sales and marketing, operating overhead, and general working capital needs. The Power Panel product has over ten years of research behind it and is ready for market. The business has projected annual revenue of $20 million by 2025.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$7,030

$184,422

COGS

$3,703

$113,719

Tax

$0

$0

 

 

Net Income

$-441,936

$-1,173,738

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$23,494

$46,848

Accounts Receivable

$0

$10,308

Total Assets

$361,194

$386,865

Short-Term Debt

$1,913,554

$7,972,839

Long-Term Debt

$0

$0

Total Liabilities

$1,913,554

$7,972,839

Financials as of: 06/29/2021
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